The latest issue of Financial Standard now available as an e-newspaper
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|The practice of lending by an unregistered second ranking charge must stop, according to Metrics Credit Partners managing partner Andrew Lockhart. The practice of giving additional lending without disclosing it to the bank, typically for commercial ...|
|New consumer group Super Consumers Australia has marked its launch with a swipe at MySuper products and the superannuation lobby. The consumer group said its research shows the superannuation system "put over 170,000 people into a poor performing super ...|
|AMP has launched a new fee calculator allowing financial advisers and clients to produce fee calculations for its MyNorth wrap platform. Through a web-based calculator, advisers and clients enter their intended investment amount in either their super ...|
|An affiliate of Cerberus Capital Management, L.P. has bought an Australian SME lender, Axsesstoday. The $259.7 million deal brings Axsesstoday out of voluntary administration, according to Deloitte, who led the sale. The SME lender entered into voluntary ...|
|Bloomberg has launched U.S. equity benchmark capabilities, marking a significant step for Bloomberg in the equity index space. The new equity offering includes the Bloomberg U.S. Large Cap Index as well as growth, value and dividend indices. These benchmarks ...|
|NAB has announced Ross McEwan will take the reins as the group's new chief executive before the year's end. Ross McEwan will step down from his role as chief executive of the Royal Bank of Scotland on October 31 and commence as chief of NAB onDecember ...|
|Aberdeen Standard Investments has strengthened its local investment capabilities with the appointment of a new investment director, joining from Victorian Funds Management Corporation. Danielle Welsh-Rose has joined as ASI's ESG investment director ...|
|Colonial First State has awarded a mandate to a global asset manager for its Asian equities strategy. Robeco has won the mandate for an undisclosed amount to manage CFS's high-conviction, unconstrained, Asian equities mandate that looks to integrate ...|
|Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements. Called Super Blueprint, the superannuation fund has upgraded the offering to simplify the digital advice experience ...|
|Neuberger Berman has launched an actively managed, income fund in Australia. The global asset manager has launched the Neuberger Berman Strategic Income Fund in Australia, which is designed to offer investors access to a "diversified mix of fixed income ...|
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The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
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New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
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Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
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Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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